Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.06300 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.06300 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.90500 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90500 support and resistance area. Trade safe, Joe.
USDCHF is trading in a strong bullish trend. After the price set a new higher high on a daily, it retraced to a key horizontal support. Analyzing the reaction of the price to that, I have spotted a bullish breakout of a resistance line of a falling wedge pattern. It is an important sign of strength of the buyers. The market will most likely resume growth next...
USD/CAD - H4 Chart - Falling Wedge Pattern formation Price need to Break the Trendline and Retest wedge Pattern and after strong Reversal formation, we take entry. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never...
As you can see Gold dropped lower, but seems to have found support around Wave 2 (Wave Y), which was highlighted on the first analysis. Will keep an eye on this to see if Gold can push up from here next week. Anywhere from current market price is good to DCA & buy Gold. $1,868 - $1,840.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.22700 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.22700 support and resistance area. Trade safe, Joe.
EURUSD has reversed from the HOP level of a Bearish Alternate Bat after having earlier went beyond the standard PCZ, and now the EURUSD is back below the PCZ and breaking down on a much more significant timeframe both in terms of Price Action and PPO. I think that things should continue as expected and that it will go for $1.035 and then go for the bigger targets...
Last night, the DXY went below the PCZ of the Bullish Alt-Bat and bottomed out at the Demand Line of the channel it has been trading within, and at the same time, it formed a Bullish Butterfly with double PPO confirmation. Now it is back above the Moving Averages and on the rise. Meanwhile, the yields have seemingly bottomed out at the 200 SMA at the PCZ of a...
After a test of a solid falling trend line on a daily, GBPUSD leaves bearish clues again. I see a high momentum bearish candle on an hourly with a confirmed breakout of a neckline of a h&S pattern. I believe that the pair will drop again. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.33900 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.33900 support and resistance area. Trade safe, Joe.
I'm expecting USDJPY to carry on meandering towards the 150 mark, and it's at this level that we've previously seen BoJ step in to defend their currency, We saw the same in June / July 2022, and I think we'll see it again. BoJ has started hinting at a change to monetary policy for the first time in a long time, we saw a very small reaction in the past week to...
Buy GBPUSD Channel Breakout Price breaks the channel pattern in M30 Chart, its good chance to buy now. Thank you.
AUDUSD - Intraday Buying pressure from 0.6331 resulted in prices rejecting the dip. The current move higher is expected to continue. Indecisive price action has resulted in sideways congestion on the intraday chart. Preferred trade is to sell into rallies. Previous resistance located at 0.6510. We look to Sell at 0.6510 (stop at 0.6540) Our profit...
The USDINR pair is trading inside a 1.5 month Triangle (blue), following the upward break-out of the 1 year Ascending Triangle. The 1D MA50 (blue trend-line) has been supporting for 2 months and as long as it holds, buy when the price breaks above Resistance 1 (83.4200). The target can be 84.500, representing a +2.13% leg extension on a potential emerging Channel...
Sell XAUUSD Bearish Flag Sell XAU/USD @ 1925 Tp - 1909 SL - 1933 Use 2 % Risk only per Trade, overtrading leads to loss only..✔️✔️ its good chance to sell today, Thank you
Sell EURUSD Bearish Flag EURUSD - M30 Chart -Bearish Flag Formation Its good chance to sell today. Thank you
Hello community! Well, beyond to the strong Demand that we have had since end of June: - Adding EMA 50, you'll see a long shadow trying to cross the line, showing us price change. - Comparing to Silver Futures for December, the contract is also changing direction after going to a resistance, ths increasing its value. - Using the DXY as a comparison, the...
GBPUSD has almost touched the Fibonacci 0.382 level from the bottom 1 year ago, trading under both the MA50 and MA200 (1d). The RSI (1d) is rebounding today aggressively being still inside very rare oversold levels, which visited last time during September 26th 2022. This justifies a long term buy but if the 0.382 breaks, the next (and strongest) Support Zone is...